Karma Ventures
has announced the closing of its maiden fund at €70 million, to invest
in early-stage deep tech startups across Europe. UK-based Isomer Capital
has joined as a limited partner in the fund, and the rest of the
increased capital has come from family offices, pension funds, and
existing investors.

The fund currently has nine investments in its portfolio:
TrademarkNow, Adaptive Simulations, SpectX, Plumbr, Minut, AppGyver,
Sonarworks, Realeyes and cgtrader.

“The larger fund will allow us to broaden our reach and to offer high
quality support to deep tech start-ups across Europe," said Margus
Uudam, founding partner of Karma Ventures. "Our philosophy is the same –
we’re looking for great teams with stand-out technologies and
compelling business propositions behind them and we are looking forward
to continuing to support European startups growth. With our counsel we
want to help European start-ups to grow, that is why our commitment will
remain with early-stage investments.”

“The team at Karma Ventures have unrivalled insight into emerging
technologies and the Northern European startup scene," said Chris Wade,
co-founder and partner at Isomer Capital. "Its capabilities and
geographical scope are a great fit with ours, and we’re encouraged by
the potential to build very significant companies together.